Gold Potentially Bearish.
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Hi there,
Gold appears bearish, targeting levels between 2451.83 and 2400-2380, with a bias toward 2360, below the high of 2520.
Due to the large support zone surrounding 2451, exercise caution. This level stands for the low that surpasses resistance highs in order to reach higher highs.
So the setup will need to be monitored.
Happy Trading,
K.
Gold appears bearish, targeting levels between 2451.83 and 2400-2380, with a bias toward 2360, below the high of 2520.
Due to the large support zone surrounding 2451, exercise caution. This level stands for the low that surpasses resistance highs in order to reach higher highs.
So the setup will need to be monitored.
Happy Trading,
K.
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It's not bad, but it's not what we hoped for. We made some gains in both the bullish and bearish market.
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